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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Thank you for your understanding.MSE News: House prices continue to rise, says Nationwide
Former_MSE_Helen
Former MSE 2.4K Posts
"House prices have recorded their largest year-on-year increase in 18 months, says Nationwide..."
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House prices continue to rise, says Nationwide
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House prices continue to rise, says Nationwide
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Prices have genuinely increased in certain areas of course. It's not a national picture.
So at 15% per year my place will be worth in 15 years (value today £300,000) ......£2,441,118
Not bad considering what I paid for it.
So what you're saying is that house prices rose, AND the price of everything else rose by a bit more.
Perhaps we need a new name for "real terms falls".....
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
No, he is exactly right on the definition of real prices, being prices of one thing relative to everything else.
The article is talking about nominal prices, which are prices in pounds shillings and pence.
As incomes rose by more than 1.1% affordability is up.
Indeed.
And as mortgage rates are low, affordability has almost never been better.
Shame mortgage rationing is excluding so many people from being able to take advantage.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
I think you can safely ignore any quote from the Daily Express.